Orion S.A. (NYSE:OEC) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of Orion S.A. (NYSE:OEC) by 9.6% during the 4th quarter, Holdings Channel reports. The fund owned 138,930 shares of the specialty chemicals company’s stock after buying an additional 12,140 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Orion were worth $3,853,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Pzena Investment Management LLC raised its holdings in shares of Orion by 5.5% during the 3rd quarter. Pzena Investment Management LLC now owns 3,284,823 shares of the specialty chemicals company’s stock worth $69,901,000 after acquiring an additional 171,834 shares during the period. Vanguard Group Inc. raised its holdings in shares of Orion by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,618,627 shares of the specialty chemicals company’s stock worth $34,444,000 after acquiring an additional 89,319 shares during the period. Dimensional Fund Advisors LP raised its holdings in Orion by 21.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,390,266 shares of the specialty chemicals company’s stock valued at $36,271,000 after buying an additional 245,981 shares during the period. Invesco Ltd. raised its holdings in Orion by 22.2% in the 3rd quarter. Invesco Ltd. now owns 1,291,485 shares of the specialty chemicals company’s stock valued at $27,483,000 after buying an additional 234,888 shares during the period. Finally, State Street Corp raised its holdings in Orion by 2.1% in the 1st quarter. State Street Corp now owns 1,224,106 shares of the specialty chemicals company’s stock valued at $19,574,000 after buying an additional 25,368 shares during the period. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Stock Down 1.3 %

Shares of NYSE:OEC opened at $24.01 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.88 and a beta of 1.64. The firm’s 50-day moving average is $23.29 and its two-hundred day moving average is $23.22. Orion S.A. has a 1 year low of $19.32 and a 1 year high of $28.48.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, February 15th. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). Orion had a return on equity of 24.45% and a net margin of 5.46%. The company had revenue of $468.20 million for the quarter, compared to analyst estimates of $421.62 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts predict that Orion S.A. will post 2.15 EPS for the current year.

Orion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Tuesday, March 12th. Orion’s dividend payout ratio is presently 4.62%.

Analysts Set New Price Targets

Several analysts recently issued reports on OEC shares. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. UBS Group cut their price target on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Finally, Mizuho started coverage on shares of Orion in a research note on Wednesday, March 27th. They set a “neutral” rating and a $25.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.80.

Orion Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.